North Shore at Lake Hart Market Analysis for the 4th Quarter of 2007
North Shore at Lake Hart is located in the east Orlando real estate market off of Moss Park Rd in the Lake Nona section of Orlando. There have been 6 single family houses sold in the 4th quarter of 2007. They range in price from $260,000 to $450,000 with $352,500 being the average. The square footage ranges from 1,825 to 4,102 and the houses lasted an average of 150 days on the market before they closed.
There are presently 2 houses that are pending closing with prices of $313,900 and $335,500. They are 2,533 square feet and 2,882 square feet and have been on the market for an average of 134 days.
There are a total of 57 houses on the market ranging in size from 1,825 to 6,000 square feet with asking prices ranging form $240,000 to $2,175,000. Of these 57 single family dwellings available, 23 have asking prices of $350,000 or lower.
Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) will be 29 months. This is above the rest of the Orlando real estate market.
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